SC calls for IBC revision, looking for Revival Fund for stressed real estate projects

The Supreme Court suggested on Friday important reforms in the insolvency and bankruptcy code “to restore the belief in the legal and insolvent framework”, even when it encouraged the government to come up with a revival fund to provide financing for stressed real estate projects that undergo insolvency procedure. The APEX court said that the […]

NCLT 2.0: Save India’s insolent

When the National Company Law Tribunal (NCLT) was founded in 2016 as the uniform assessment forum for company law, it was promised to be the promise of timely, specialized justice in a space that was long considered by fragmented forums and procedural drift. In the same year, the insolvency and bankruptcy code (IBC) positioned the […]